The Wall Street Skinny
This podcast is a smart and entertaining peek into the world of investment banking, sales & trading, private equity, hedge funds and more. Hosted by two lifelong friends with a passion for teaching, and over two decades of experience on Wall Street. Discover the basics, ranging from “what is investment banking?” to “what moves markets?". Learn about different roles and exit opportunities, and get tips on how to land the job. Our mission is to make the world of Wall Street accessible to everyone, while keeping things relatable and fun.
Whether your goal is to work on Wall Street, or if you have NO idea what any of those things are and just want to learn some basics, this podcast is for you.
Episodes
172 episodes
INDUSTRY S3E2 "Smoke and Mirrors” Breakdown | IPO Disasters, Greenshoe and More!
In this episode of the unofficial companion podcast to HBO Max's hit show, Industry, hosts Jen and Kristen dive deep into the financial intricacies and dramatic moments of Season 3, Episode 2 titled 'Smoke and Mirrors.' They kick of...
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1:43:40
171. INSANE Figma IPO, AI Collusion in Trading, and Could Stablecoins Lower Interest Rates?
This week on The Skinny on Wall Street, Kristen and Jen are back in full swing with a jam-packed episode covering some of the biggest stories in markets and finance. They kick things off by diving deep into the highly anticipated Fi...
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43:51
170. Will AI Replace Investment Bankers? Plus Real Estate News, Meme Stocks, and More!
In this week’s episode of The Skinny on Wall Street, Kristen and Jen break down the latest wave of meme stock mania and what it reveals about market sentiment. They dive into Opendoor and other “DORK” stocks (Krispy Kreme, Opendoor, Ko...
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Season 2
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1:03:43
169. Spin-Offs, Reverse M&A, and Wellness: The Logic of Recent Consumer M&A Deals (Fererro Buying Kellogg and Kraft Heinz Breakup)
This week on The Skinny On, Kristen and Jen power through illness, time zone chaos, and toddler wrangling to bring you a jam-packed episode to break down two major consumer deals: Ferrero’s $3.1B offer for Kellogg and the possible Hein...
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40:02
168. PE Secondaries 201 feat. Evercore’s Justin Resnick
In this episode of The Wall Street Skinny, we're back with fan-favorite guest Justin Resnick, Managing Director at Evercore, for a deep dive into the evolving world of private equity secondaries. This follow-on to our original “Seconda...
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Season 2
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1:04:22
167. Real Estate Private Equity 101 with MSIM's Lauren Hochfelder
In this long-awaited episode of The Wall Street Skinny, we’re breaking down Real Estate Private Equity with Lauren Hochfelder, Managing Director and Co-CEO of Morgan Stanley Real Estate Investing. If you’ve ever wondered what re...
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1:08:53
INDUSTRY S3E1 | IPOs, VCs and Founders Cashing Out, ESG and More!
In this episode we delve into the intricate world of finance depicted in the Season 3 premiere, "Il Mattino Ha L’Oro in Bocca" breaking down the complexities behind the IPO process, how pricing works and setting "price talk", the IPO discount a...
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Season 3
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Episode 40
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2:23:30
165. Biotech Investment Banking 101 Feat Sonia Gupta of Goldman Sachs
In this episode, we sit down with Sonia Gupta, Partner and Co-Head of Biotech Investment Banking at Goldman Sachs. Sonia walks us through her unique journey—from studying public health at Brown, to working in healthcare consulting, to getting h...
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Season 3
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Episode 39
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1:07:50
Industry S2E8 | How Soros Broke the Bank of England & What It Has to Do with "Industry" (and the Trump Administration)
In this episode, we break down the finance behind the Industry Season 2 finale—and without exaggerating, this might be our favorite episode yet. There was so much to dig into, starting with the trade that the whole season buil...
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Season 3
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Episode 38
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2:06:42
163. The $7.8 Trillion Question: Should the GSEs Be Privatized? GSEs 101
In this episode, we sit down with Olga Gorodetsky, a Director in Capital Markets at Fannie Mae, for an in-depth conversation about the role of Government-Sponsored Enterprises (GSEs) in the U.S. housing finance system. Olga walks us through the...
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Season 3
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Episode 37
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1:07:19
162. Should You Get the CFA? All Your Testing Questions Answered with Kaplan's Joyce Schnur
Wondering if you need the CFA to break into banking? Curious what the SIE is, or whether a CPA helps you land a role in private equity? You're not alone—exam questions are by far the most common DMs we get. So in this ...
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Season 3
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Episode 36
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1:14:46
INDUSTRY S2E7 | "Lone Wolf and Cub" Hitting a Bid Away, Comp & Revenge
We’re back and breaking down Season 2, Episode 7 of Industry: “Lone Wolf and Cub.” This one is dense with real finance concepts—starting with Harper, Eric, and Rishi's attempt to “hit a bid away” and pitch themselves as a ready-made de...
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Season 3
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Episode 35
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1:44:49
160. Elite Boutiques vs. Bulge Bracket Investment Banks feat. Greenhill Chairman, Scott Bok
In this episode of The Wall Street Skinny, we sit down with Scott Bok, Chairman and former CEO of Greenhill & Co. and author of
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Season 3
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Episode 34
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1:39:58
159. Trump Tax Bill Breakdown and Insider Trading in Congress with Rep. Seth Magaziner
We’re thrilled to welcome Congressman Seth Magaziner — a longtime friend from our high school and college days — for a conversation about the intersection of finance, policy, and politics. We break down the proposed tax bill currently moving th...
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Season 3
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Episode 33
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58:22
158. Is the Fed Secretly Stimulating Markets? Plus Exciting Announcement!
In this episode of The Wall Street Skinny, Kristen and Jen kick announce the launch of their long-awaited M&A course, part of their dynamic, story-driven finance curriculum. They discuss how the course, two years in the making, ble...
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Season 3
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Episode 32
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46:01
157. From Intern to Offer: The Unwritten Rules of Wall Street Success (Plus Some Markets and Tariff Talk)
This week we start off talking about what's happening in the markets: the latest GDP print—and why the headline number being down isn’t quite as simple as it sounds. We unpack the mechanics behind the contraction, including how tariff-fueled in...
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Season 3
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Episode 31
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1:29:00
156. FX 101, Operation Twist and Yale’s Selling Their ENTIRE $6bn PE Portfolio
In this episode of The Wall Street Skinny, we explore the escalating tension between former President Trump and Fed Chair Jerome Powell, how markets reacted, and what it reveals about the importance of central bank independence. Jen also breaks...
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Season 3
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Episode 30
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54:27
155. The Fed Isn’t Coming to Save Us Plus Endowment Talk and Big Tech Breakups
This week, we break down the tension between Jerome Powell and Donald Trump—and what it actually means for monetary policy. If you listened to Powell’s latest remarks at the Economic Club of Chicago, you may not have thought much of it...
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Season 3
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Episode 29
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49:41
154. Bond Market Chaos: Unpacking the Basis Trade Blowup Theory. Cause...or Convenient Excuse?
There has been some speculation that the reason for "chaos in the bond markets" isn't loss of confidence in the US but rather the result of an unwind in "the basis trade" leading hedge funds to blow up and causing yield spreads to widen. To exp...
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Season 3
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Episode 28
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1:13:18
153. Steve Eisman, the Real-Life "Big Short" Investor, on Tariff Panic and Lessons From the 2008 Crisis
This week on The Wall Street Skinny, we’re diving headfirst into one of the most volatile weeks in recent memory—and we brought backup. After a whiplash-inducing reversal in the bond and equity markets, Jen and Kristen break down how t...
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Season 3
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Episode 27
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1:16:24
152. It Wasn’t Equity Turmoil That Spooked Trump — It Was the Bond Market. A Deep Dive into WHY
This week on The Wall Street Skinny, we dive headfirst into the chaos that’s been roiling the markets—and specifically why what's happening in the bond market has investors spooked. Treasury auctions, bond yields, the dollar, and gold ...
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Season 3
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Episode 26
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1:18:01
151. Tariffs 101: Why the Markets and U.S. Dollar Are Tanking
Markets are in chaos, which is why on this week’s episode Kristen and Jen ditch the interviews to break down what the hell is happening in markets right now. From tariffs to the dollar and everything in between, we’re unpacking the massive move...
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Season 3
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Episode 25
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1:11:04
150. Real Estate, Sports Investing, and Venture Capital Feat. David Adelman
It's our special 150th episode!! We’re reuniting with billionaire investor and CEO David Adelman (whom you may remember from our “Sports Investing 101” episode) for a deep dive into his multifaceted empire and brilliant business acumen.
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Season 3
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Episode 24
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1:27:32
149. Private Wealth Management 102: RIAs vs. PWM in House at a Big Bank ("Wirehouse") feat. Susan Moffat
Join hosts Jen and Kristen on The Wall Street Skinny for an insightful exploration of wealth management, as they sit down with Susan Moffatt, co-founder of Curated Wealth Partners, who expertly unpacks the intriguing differences between indepen...
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Season 3
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Episode 23
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1:34:08